Similar Posts
S&P 500, Nasdaq open higher as investors await inflation data By Reuters – Forex Trader Hub
(Reuters) – The and the Nasdaq opened higher on Tuesday after a holiday-extended weekend, with investors awaiting key inflation data later in the week that could influence expectations for the Federal Reserve’s policy trajectory. The fell 40.6 points, or 0.10%, at the open to 39,028.99. The S&P 500 rose 11.2 points, or 0.21%, at the…
Hold on to your chair: Reciprocal tariffs formula revealed – Forex Trading Forum
Hold on to your chair: Reciprocal tariffs formula revealed I was reading some articles on how the so called reciprocal tariff rates were calculated and I almost fell off my chair. After you read the following strap yourself to your chair so you do not fall off as well after seeing a formula that…
Chart Art: EUR/CHF Long-Term Reversal in the Works?
EUR/CHF just broke above its descending trend line and appears to be climbing above its double bottom neckline, too! How high can it go from here? Take a look at these potential upside targets on the 4-hour time frame. EUR/CHF 4-hour Forex Chart by TradingView This euro pair appears to be bracing for a major…
UK PMI composite hits 11-month low as business confidence wavers – Action Forex
UK business activity weakened in October, with both the manufacturing and services sectors showing signs of slowing momentum. PMI Manufacturing index dropped from 51.5 to 50.3, marking a 6-month low, while PMI Services index fell from 52.4 to 51.8, an 11-month low. Consequently, Composite PMI also declined to an 11-month low, slipping from 52.6 to…
S&P 500, Nasdaq 100 – Wall Street Slides at the Open as Powell Hints at Modest Rate Cuts – MarketPulse
Wall Street indexes fell as Fed Chair Powell’s comments suggested a less aggressive rate cut in November than anticipated. US PMI data indicated a sharp decline in manufacturing new orders, job shedding, and rising output price inflation. Triangle breakout pattern still in play from a technical standpoint. Retest and continuation? Most Read: Brent Crude –…
